Software Engineering Career
15h
2760
L4 Google -> 45 interviews, 5 offers, AMA
Tech Industry
2d
8784
Seriously? Apple is DYING...These possible IPad updates are so boring *Yawn*
Tech Industry
10h
981
The man I love hates me because I’m Vietnamese
Tech Industry
9h
1039
Question about women in their 30’s?
Tech Industry
3d
42532
What happens when most of your team is Indian?
Backend eng L5 (senior) working at meta, TC is 280k (190k base + 70k annual stock value + ~20k bonus). TC is far below what I want it to be. My WLB is great though and the job doesn’t take too much effort. I started looking for other jobs in hopes of making 40-50% more in exchange for working a little harder. I have two offers from private companies - ClickUp: 220k base, $1.3M in options They anticipate an IPO in 2024 where this is worth a minimum of $2.6M - Flock Freight: 200k base, 20k sign on, $200k in options. They anticipate this being worth a minimum of $1.8M when they exit What matters to me: - Keeping my WLB. I value working 25-30 hrs/wk or less if possible - Earning more money so I can buy a house in a few years. I live in SoCal where everything is crazy expensive in my area Some thoughts I have about this: - I have the suspicion that joining a younger company is going to take a ton of extra work, even if they are series D - I also suspect that joining a different public company is a great move right now, since stock prices are low and due to rebound someday - I could also just be grateful for the WLB I have and not worry too much about renting for the time being
If you want to work less, join a larger public company, like indeed, LinkedIn, workday etc. The two companies you've mentioned might not even survive the current downturn. But buying a house is a go big or go home situation.
I’m inclined to think Flock Freight has more staying power since they are unique in their space right now. But as for public companies those are good choices I’m considering
How come L5 paid so low in socal at meta? Coz of stock crash?
Yeah stock crash has made my stock comp super low. But I also have received low stock refreshers over the years because of an internal transfer I did
Be wary of inflated paper money valuations! Too many places are raising down rounds and 409a’s being lowered for you to confidently take those option numbers at face-value.
Yeah I’ve been asking if they’ll give a prior valuation for their stock but they have said no since their business hasn’t been affected by the downturn 🙄
If they hesitate to tell you their last 409a valuation 🚩 Seems like they both raised in October so should have done one then/means they’ll be due for another come this October.
YOE?
Lol at IPO/exit timelines or anything "anticipate this to be worth a minimum". Clearly you don't know how this game works. Don't play it
All startups say they will go public in two years. It’s close enough that you are intrigued, and yet far enough away that it is believable.
I’d say take a risk now and relax later
You can also take a risk now and work harder later. That's why they are risks 🙂
Point
What's the role at clickup and freight? Principal?
I'm an engineer at Flock Freight and I'd say it's definitely not a 25-30 hour a week job, but that's because we're all super invested about what we're trying to do and it's a really fun place to work with cool problems to solve. Rarely does a company's profit align with whats good for the environment, and this is a huge motivating factor for me. We're not up all night burning the midnight oil, but the team works hard, plays hard and gets rewarded for it. I'd say an average week is 40 hours of work, and occasionally more. That's what it takes when you join a company where you care about its future and want to be a part of making it happen. If you want a bigger exit at the end, you can play a role in it. If that's what you're interested in doing, I think an earlier stage company is the place to go. If you just want to coast, and just collect a pay check, sure, stay at a big company.
What are your obligations? Do you have family or children? If not then go join start. Fine to take risk when you can. Otherwise if depends on alot of factors...
No family obligations now. Just don’t want to join some private company for a year and it not work out and miss out on a year’s worth of juicy public company equity